ABN AMRO warns higher bad loans, bank tax to hurt Q4 earnings

AMSTERDAM Fri Nov 16, 2012 1:23am EST

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AMSTERDAM Nov 16 (Reuters) - Dutch state-owned bank ABN AMRO warned on Friday that higher impairments on loans and a 112 million euro ($143.27 million) bank tax will hurt fourth-quarter results.

A merger of two bank pension funds could also hit earnings in the October-to-December period of this year, said ABN AMRO, which was nationalised by the Dutch state in 2008 at the height of the credit crisis.

($1 = 0.7817 euros)

(Reporting by Gilbert Kreijger)

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